What Is the New York Mercantile Exchange?

The New York Mercantile Exchange is located in the financial center of Manhattan, New York, adjacent to the New York Stock Exchange. Its transactions mainly involve energy and rare metals products, but energy products transactions greatly exceed those of other products. The trading methods of the exchange are mainly futures and options trading. So far, the volume of futures trading far exceeds the volume of options trading. The New York Mercantile Exchange was acquired by CME Group in 2008.

New York Mercantile Exchange

The New York Mercantile Exchange plays an important role in New York's business, city, and cultural life. It provides thousands of jobs for the financial services industry and industry alliances, and through its own

the New York Mercantile Exchange

On September 24, 2009, the Green Exchange, a subsidiary of the New York Mercantile Exchange, appointed a new president. New York Mercantile Exchange, a green exchange holding company established by a number of banks and energy companies, announced that it has appointed Tom Lewis, the former head of Ameritrade, as its chief executive. Lewis has extensive experience in new environmental and energy markets such as electricity, renewable energy, and carbon trading. ^[2]

New York Mercantile Exchange Gold

Perhaps no market in the world is as attractive as the gold market. For hundreds of years, gold has been plagued by its unique scarcity, beauty, and almost immortal characteristics. The country's wealth reserve is the collection and storage of gold, which is the international hard currency. Individuals own gold to preserve their value and can exchange for banknotes at any time.

Gold futures and options trading on the New York Mercantile Exchange provide the market with an important investment channel. Gold futures contracts are also important trade tools for commercial producers and metal consumers. The distribution of gold is wide: in copper and lead ore, in quartz ore, in the gravel of rivers, and in sulfide ore (iron sulfide). Seawater also has amazing gold content, but collecting gold from seawater is not economical.

The earliest boom in smelting gold came after Columbus's first voyage. From 1492 to 1600, the central and southern United States and the Caribbean Sea accounted for most of the global gold trade. Colombia, Peru, Ecuador, Panama and Haiti accounted for 17% of the world's newly discovered gold in the 17th century, and their supply reached 80% in the 18th century. California's gold was discovered in 1848. From 1850 to 1875, the northern United States became the world's major gold supplier, more than the gold found 350 years ago. In 1890, gold mines in Alaska and Yukon became major suppliers, and soon Transvaal in Africa

Discovered gold deposits exceed these areas. Major gold producing countries include South Africa, the United States, Australia, Canada, China, Indonesia and Russia. The United States first granted gold as an official currency in 1792. Congress sets the national currency gold standard, including gold and silver. During the Great Depression of 1930, most countries were forced to suspend gold circulation in an attempt to stabilize the economy. Gold re-entered the global monetary system in 1944, when the Bretton Woods Agreement determined that the global currency was pegged to the US dollar, and the US dollar was pegged to gold. This agreement was implemented until 1971, when US President Nixon abolished the dollar-gold peg system. Today, gold price fluctuations are consistent with changes in supply and demand, and political and economic events will soon be reflected in gold price fluctuations. Gold is an important industrial commodity. Gold is an excellent electrical conductor, has a strong resistance to corrosion, and has very stable chemical properties. It can be made into precision electronics and other high-tech products. Representative companies in the gold industry, from mining companies to companies producing products, can use COMEX's gold futures and options to hedge and avoid risks. In addition, gold is a traditional investment product, and gold futures and options can play a good investment role.

New York Mercantile Exchange Silver

People were interested in silver thousands of years ago. In ancient times, silver was abundant or near the surface of the earth. Ancient unearthed relics including jewelry, religious utensils and food containers were processed with durable, malleable metal silver. In 1792, silver once played a major role in the reflection of the United States currency. The currency of the United States Congress was based on silver and was linked to fixed gold. Silver was used in the nation's coinage until it ceased in 1965. After a century of evolution, silver has been given more important economic functions and is an important industrial raw material. Today, silver has become a valuable industrial commodity and an attractive investment product. Silver is mainly used in the photography, jewelry and electronics industries.

The main sources are supply and demand conditions, Mexico, the United States and Peru's main silver producers. Second sources include coin minting, refining of scrap and state dumping of inventory. Silver prices are sensitive to the second type of news. Mining companies, producers and silver consumers can use COMEX's silver futures and options to hedge and avoid risks. As a precious metal, silver is also a good investment.

New York Mercantile Exchange Copper

Copper is one of the earliest known daily necessities, with abundant output, and is a product that directly reflects the state of the world economy. Copper is the third most widely used metal in the world, behind iron and aluminum, and is mainly used in highly recycling industries such as construction and machine manufacturing. The profit of copper mines mainly depends on low-cost, high-yield mining technology Those copper mines controlled by government plans are sensitive to the political situation. As a result, copper has established a commodity of commercial value. In the middle of 1800, Britain controlled more than three-quarters of the world's copper trade with excellent melting technology. When the grade of ore dropped, it became more economical for smelters and refineries to be closer to the mining area, and the products were directly converted Shipped to the market for sale. In the 19th century, major copper mines were discovered in North America, Chile and Australia, and Britain's superpower status was challenged. In the early 20th century, the application of new mining and smelting technologies and the development of low-grade ore processing in the United States led to the rapid expansion of the global copper market. Since 1950, the copper market, which is often in the premium period, has entered a long discount period. Copper market participants can avoid price risk by using COMEX advanced copper futures and options trading. Copper futures contracts are also a good investment product.

New York Mercantile Exchange

Aluminum is a symbol of the 21st century economy. It is a lightweight, corrosion-resistant metal that is widely distributed. Used in the aerospace field, widely used in such fields as building materials, packaging, automobiles, railways and thousands of others. The transportation industry is the largest single consumption area. Consumption accounts for 30% of U.S. aluminum production, packaging and aluminum containers account for 20%, and construction industry consumes 10%. High-voltage transmission lines from one end of the country to the other are usually made of aluminum. made.

Today, aluminum waste can be easily used. In the United States, the recycling of aluminum cans can generate a market trade of 1 billion US dollars. Virtually two-thirds of all beverage containers made of aluminum in the United States are recycled. It takes only 60 days for a jar to enter a recycling bin, and the cycle time for refining, manufacturing and returning to the shelf is only 60 days. The production of aluminum mainly depends on a strong and uninterrupted power supply, and power is the most important cost.

COMEX's aluminum futures and options contracts provide transparent prices to US aluminum producers and exporters of $ 3.5 billion per year. The risk of price runs through the entire production process from the melting of aluminum to the end product, so the control of price risk is very important. COMEX aluminum futures and options provide the market with risk management tools for rising and falling prices. COMEX futures prices are the benchmark price in the North American market. With futures contracts, buyers of aluminum can lock in costs in advance, and aluminum sellers can lock in sales prices. Futures contract delivery is based on the US Midwest market.

New York Mercantile Exchange Platinum

Platinum is the most important of the six metal groups. The other metals are palladium, rhodium, ruthenium, osmium, and iridium. They all have unique chemical and physical properties that make them important industrial raw materials. Jewellery is the largest demand for platinum, accounting for 51% of platinum consumption, 29% for catalysts for promotion, and 13% for catalysts for chemical and petroleum refining.

Because platinum is an excellent conductor, corrosion-resistant, and less reactive than other metals, platinum is used in computers and other high-tech electronics fields, which account for about 7% of platinum consumption. Platinum is a rare metal, with a total of only 5 million ounces of new mineral output in a year. In sharp contrast, the annual output of gold mines is 82 million ounces. Annual production of silver is approximately 547 million ounces. Platinum supplies are mainly concentrated in South Africa, accounting for about 80%, Russia for 11%, and North America for 6%. Because it is a precious metal of industrial raw materials, correspondingly low output and scarce supply, and price fluctuations oscillate, so platinum is a very attractive investment variety.

New York Mercantile Exchange Palladium Platinum Alloy

Palladium-platinum alloys are another major species in the platinum family. It is a symbiotic mine with platinum and has many similarities with platinum, but the two metals are still very different. Palladium platinum alloys are also a by-product of nickel ore. Russia accounts for 67% of total global supply, South Africa accounts for 23%, and North America accounts for 8%. Annual production is about 8.1 million ounces. Automotive catalysts are the largest consumer area of palladium-platinum alloys, accounting for 63%, electronic equipment accounts for 21% of palladium-platinum alloy consumption, denture consumption accounts for 12%, and jewelry consumption accounts for 4%.